China's CNOOC starts production at Lufeng oilfields in South China Sea

Greater Bay Area Dynamic Growth Holding

23/11/2021 09:29

BEIJING, Nov 23 (Reuters) - 
    * CNOOC Ltd  0883.HK , a listed branch of China National
Offshore
Oil Corp SASACY.UL  (CNOOC), on Tuesday announced it had started
production at its Lufeng oilfields 
    * The project is expected to achieve its peak production of
approximately 46,000 barrels of crude oil per day in 2023, the
firm said in a statement
    * Located in Eastern South China Sea, the project mainly
includes
Lufeng 14-4, Lufeng 14-8, Lufeng 15-1 and Lufeng 22-1 oil
fields, with an average water depth of about 140-330 meters
    * CNOOC Ltd holds full interest in the Lufeng oilfields 
    * "The safe commencement of production (also) safeguarded
energy
supply throughout the Greater Bay Area," said Xia Qinglong,
President of CNOOC Ltd, in the statement


 (Reporting by Muyu Xu and Dominique Patton, Editing by Louise
Heavens)
 ((muyu.xu@thomsonreuters.com; +86 10 56692117;))